... FORT LAUDERDALE Fla. Nov. 13 /- eDiets.co...Revenues for the third quarter of 2008 were $4.8 million compared to...Adjusted EBITDA* defined as net income (loss) before interest taxes...For the nine months ended September 30 2008 the Company recordedrev...

Revenues for the third quarter of 2008 were $4.8 million, compared to
$6.8 million in the prior year period. Net loss for the quarter was $(3.2)
million, or $(0.13) per diluted share, for the third quarter of 2008,
compared to $(2.5) million, or $(0.10) per diluted share, for the third
quarter of 2007.

Adjusted EBITDA*, defined as net income (loss) before interest, taxes,
depreciation, amortization, stock-based compensation, severance charges,
bad debt expense and loss on disposition of assets, for the quarter ended
September 30, 2008 was $(1.4) million compared to ($1.1) million in the
prior year period.

For the nine months ended September 30, 2008, the Company recorded
revenues of $20.0 million, compared to $22.8 million for the same period
last year. Net loss for the nine months ended September 30, 2008 was
$(11.5) million, or $(0.46) per share, compared to $(5.2) million, or
$(0.21) per share, for the first nine months of 2007. Adjusted EBITDA for
the first nine months of 2008 totaled $(6.2) million, compared to $(1.9)
million in the comparable year period.

-- Appointed Linda Kohler as VP, General Manager of Meal Delivery in
October 2008

"While the current economic environment is challenging, we remain
firmly committed to our strategic direction and are confident that we are
positioning our company for a successful 2009 and beyond," stated President
and Chief Executive Officer, Steve Rattner. "We continue to make progress
in several key areas of our core businesses, including our payment, billing
and fulfillment functionality and meal delivery and food supply chain. With
the recent implementation of a new restructured meal delivery program with
inventory control methodology and SKU optimization features, we are now
able to extend the product shelf-life, have longer production runs and more
overall flexibility. This progress reinforces our confidence in our ability
to execute the long term strategy of building an integrated health and
wellness platform in both consumer and B2B markets."

Mr. Ratter continued, "Despite our progress, we remain focused on
mitigating the impact of the economic environment and continue to take
actions to rationalize and optimize the operating and cost structure of the
company and our core digital, meal delivery and B2B businesses."

Conference Call

The company will host a conference call to discuss the third quarter
2008 results at 8:30 a.m. Eastern Time on Friday, November 14, 2008.
Participants may access the call by dialing 866-383-7998 (domestic) or
617-597-5329 (international), passcode 78829183. In addition, the call will
be webcast via the Investor Relations section of the company's web site at
http://www.eDiets.com , where it will also be archived. A telephone replay
will be available through Friday, November 28, 2008. To access the replay,
please dial 888-286-8010 (domestic) or 617-801-6888 (international),
passcode 76889991.

About eDiets

eDiets.com, Inc. is a leading provider of personalized nutrition,
fitness and weight-loss programs. eDiets currently features its
award-winning, fresh-prepared diet meal delivery service as one of the more
than 20 popular diet plans sold directly to members on its flagship site,
http://www.eDiets.com . The company also provides a broad range of customized
wellness and weight management solutions for Fortune 500 clients.
eDiets.com's unique infrastructure offers businesses, as well as
individuals, an end-to-end solution strategically tailored to meet its
customers' specific goals of achieving a healthy lifestyle. For more
information, please call 310-954-1105 or visit http://www.eDiets.com .

* Use of Non-GAAP Financial Measures

In its earnings releases, conference calls, slide presentations or
webcasts, the Company may use or discuss adjusted EBITDA, which is a
non-GAAP financial measure as defined by SEC Regulation G. Management
regularly reviews adjusted EBITDA as an analytical indicator of the
Company's financial performance and believes that it is useful to investors
in evaluating operating performance. In addition, the Company uses adjusted
EBITDA as a measure of performance for its business segments and for
incentive compensation purposes. The Company does not intend for adjusted
EBITDA to be considered in isolation or as a substitute for any GAAP
measure. Adjusted EBITDA, as presented, may not be comparable to similarly
titled measures of other companies.

Three Months Ended Nine Months Ended

September 30, September 30,

2008 2007 2008 2007

Net loss $(3,199) $(2,495) $(11,453) $(5,197)

Interest income, net 63 (63) 11 (148)

Interest expense on

secured notes 542 126 1,382 126

Amortization of secured

notes 321 62 836 62

Income tax provision 19 55 20 197

Depreciation 437 312 1,127 759

Amortization of

intangibles 176 303 705 908

Stock-based

compensation 288 463 1,046 1,167

Loss on disposition of

fixed assets - 154 1 176

Bad debt expense (7) (1) 82 11

Severance charges 4 (12) 39 74

Adjusted EBITDA $(1,356) $(1,096) $(6,204) $(1,865)

Safe Harbor Statement

Statements which are not historical in nature are forward-looking
statements. Forward-looking statements involve known and unknown risks and
uncertainties which could cause the actual results, performance or
achievements to be materially different from those which may be expressed
or implied by such statements. These risks and uncertainties include, among
others, that we will not be able to obtain sufficient and/or acceptable
outside financing (when and if required); changes in general economic and
business conditions; changes in product acceptance by consumers; a decline
in the effectiveness of sales and marketing efforts; loss of market share
and pressure on prices resulting from competition; significant investments
in our technology platform, marketing plans, and product development to
remain competitive with other online providers of healthy living and weight
loss plans, many of which may be found to offer superior and more varied
features than our plans and may also be offered for free; volatility in the
advertising markets; any delay, disruption, or suspension of our supply of
prepared meals from our vendor; changes in consumer preferences and
discretionary spending; product liability and other risks from the sale of
ingested products; regulatory actions affecting our marketing activities;
and the outcome of litigation pending against us. For additional
information regarding these and other risks and uncertainties associated
with eDiets.com's business, reference is made to our Annual Report on Form
10-K for the year ended December 31, 2007, and other reports filed from
time to time with the Securities and Exchange Commission. All
forward-looking statements are current only as of the date on which such
statements are made. We do not undertake any obligation to publicly update
any forward- looking statements.

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